Axis
ActiveSummary
Axis has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€210,075) and a net result of -€97,610. Equity is shrinking by ~54% per year across the filed fiscal years. Its solvency ranks better than 8% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-19
Solvency0▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.78 in 2024; short-term debt: 116.6% and cash: 10% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-29.3%
Return on assets
-13.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€210,075
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
110 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 employer in Etalle
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€97,610▼ 118%
2024 · -€44,812
Working capital
-€299,665▼ 99.3%
2024 · -€150,344
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€49,109-€7,984▲ 83.7%-€44,546▼ 458%-€14,355▲ 67.8%-€59,768▼ 316%
Net result-€72,266below the sector's middle half-€28,463below the sector's middle half▲ 60.6%-€76,549below the sector's middle half▼ 169%-€44,812below the sector's middle half▲ 41.5%-€97,610below the sector's middle half▼ 118%
Equity€37,360below the sector's middle half▼ 65.9%€8,896below the sector's middle half▼ 76.2%-€67,653below the sector's middle half-€112,465below the sector's middle half▼ 66.2%-€210,075below the sector's middle half▼ 86.8%
Total assets€677,351within the sector's middle half▲ 5.7%€769,012within the sector's middle half▲ 13.5%€734,787within the sector's middle half▼ 4.5%€713,826within the sector's middle half▼ 2.9%€717,561within the sector's middle half▲ 0.5%
Debt€639,992▲ 20.5%€760,116▲ 18.8%€802,440▲ 5.6%€826,291▲ 3.0%€927,636▲ 12.3%
Working capital-€99,770▼ 719%-€29,136▲ 70.8%-€126,666▼ 335%-€150,344▼ 18.7%-€299,665▼ 99.3%
Solvency5.5%below the sector's middle half▼ 11.6pp1.2%below the sector's middle half▼ 4.4pp-9.2%below the sector's middle half▼ 10.4pp-15.8%below the sector's middle half▼ 6.5pp-29.3%below the sector's middle half▼ 13.5pp
Staff (FTE)11.6within the sector's middle half▲ 1.8%11.7within the sector's middle half▲ 0.9%12.2within the sector's middle half▲ 4.3%13.1within the sector's middle half▲ 7.4%13.5above the sector's middle half▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59,768 in 2025 against €14,355 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €717,561
Fixed assets
€180,896 ▲ 3.7%
Current assets
€536,666 ▼ 0.5%
Key figures and ratios
EBITDA
-€18,080▼
2024 · €30,282
Cash flow
-€55,922▼
2024 · -€175
Current ratio
0.64▼
2024 · 0.78
Quick ratio
0.36▼
2024 · 0.39
Debt to equity
-4.42▲
2024 · -7.35
ROA
-13.6%▼
2024 · -6.3%
Interest coverage
-0.41▼
2024 · 1.16
Debt ≤ 1 year
€836,331▲
2024 · €689,774
Debt > 1 year
€91,305▼
2024 · €136,305
Income taxes
€1,417▲
2024 · €719
Staff costs
€551,765▼
2024 · €556,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 682 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €459 | €323 | €10,359 | - | - |
| Remuneration, social security and pensions62 | €357,885 | €434,959 | €474,359 | €556,257 | €551,765 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,345 | €39,314 | €50,748 | €44,637 | €41,688 | ▼ 6.6% |
| Other operating charges640/8 | €52,833 | €19,645 | €19,261 | €31,050 | €34,175 | ▲ 10.1% |
| Non-recurring operating charges66A | €440 | €62 | €5,123 | €6,462 | €418 | ▼ 93.5% |
| Gross operating margin9900 | €393,394 | €485,996 | €504,946 | €624,051 | €568,277 | ▼ 8.9% |
| Operating profit (loss)9901 | -€49,109 | -€7,984 | -€44,546 | -€14,355 | -€59,768 | ▼ 316% |
| Financial income75/76B | €1,577 | €2,876 | €1,763 | €2,233 | €7,661 | ▲ 243% |
| Recurring financial income75 | €1,577 | €2,876 | €1,763 | €2,233 | €7,661 | ▲ 243% |
| Financial charges65/66B | €24,918 | €23,096 | €33,121 | €31,972 | €44,086 | ▲ 37.9% |
| Recurring financial charges65 | €24,918 | €22,930 | €29,033 | €26,140 | €44,086 | ▲ 68.7% |
| Non-recurring financial charges66B | - | €167 | €4,088 | €5,832 | - | - |
| Profit (loss) for the period before taxes9903 | -€72,450 | -€28,205 | -€75,903 | -€44,094 | -€96,193 | ▼ 118% |
| Income taxes67/77 | -€184 | €258 | €646 | €719 | €1,417 | ▲ 97.1% |
| Profit (loss) for the period9904 | -€72,266 | -€28,463 | -€76,549 | -€44,812 | -€97,610 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | -€72,266 | -€28,463 | -€76,549 | -€44,812 | -€97,610 | ▼ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €677,351 | €769,012 | €734,787 | €713,826 | €717,561 | ▲ 0.5% |
| Formation expenses20 | - | €1,816 | €816 | - | - | - |
| Fixed assets21/28 | €187,703 | €178,432 | €213,407 | €174,396 | €180,896 | ▲ 3.7% |
| Tangible fixed assets22/27 | €172,410 | €163,848 | €189,487 | €148,584 | €163,275 | ▲ 9.9% |
| Land and buildings22 | €135,707 | €113,867 | €97,426 | €75,615 | €53,804 | ▼ 28.8% |
| Plant, machinery and equipment23 | €34,725 | €33,846 | €40,384 | €50,332 | €59,602 | ▲ 18.4% |
| Furniture and vehicles24 | €1,977 | €16,135 | €51,677 | €22,637 | €49,870 | ▲ 120% |
| Financial fixed assets28 | €15,294 | €14,584 | €23,920 | €25,812 | €17,620 | ▼ 31.7% |
| Current assets29/58 | €489,648 | €588,763 | €520,564 | €539,430 | €536,666 | ▼ 0.5% |
| Stocks and contracts in progress3 | €208,133 | €251,685 | €252,286 | €268,142 | €232,684 | ▼ 13.2% |
| Stocks30/36 | €208,133 | €251,685 | €252,286 | €268,142 | €232,684 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €139,892 | €152,928 | €135,271 | €160,771 | €220,373 | ▲ 37.1% |
| Trade receivables40 | €73,523 | €59,221 | €77,976 | €78,462 | €134,008 | ▲ 70.8% |
| Other amounts receivable41 | €66,368 | €93,707 | €57,295 | €82,309 | €86,365 | ▲ 4.9% |
| Cash at bank and in hand54/58 | €129,369 | €163,340 | €121,052 | €90,588 | €71,707 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | €12,254 | €20,810 | €11,954 | €19,929 | €11,901 | ▼ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €677,351 | €769,012 | €734,787 | €713,826 | €717,561 | ▲ 0.5% |
| Equity10/15 | €37,360 | €8,896 | -€67,653 | -€112,465 | -€210,075 | ▼ 86.8% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | - | - |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | - | - |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | - | - |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | - | - |
| Distributable reserves133 | - | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | -€72,640 | -€101,104 | -€177,653 | -€222,465 | -€320,075 | ▼ 43.9% |
| Amounts payable17/49 | €639,992 | €760,116 | €802,440 | €826,291 | €927,636 | ▲ 12.3% |
| Amounts payable after more than one year17 | €50,298 | €142,136 | €154,999 | €136,305 | €91,305 | ▼ 33.0% |
| Financial debts170/4 | €46,498 | €138,336 | €151,199 | €132,505 | €87,505 | ▼ 34.0% |
| Other amounts payable178/9 | €3,800 | €3,800 | €3,800 | €3,800 | €3,800 | = |
| Amounts payable within one year42/48 | €589,418 | €617,899 | €647,230 | €689,774 | €836,331 | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | €80,212 | €53,779 | €17,993 | €18,693 | €407 | ▼ 97.8% |
| Financial debts43 | - | - | €22,788 | - | - | - |
| Credit institutions430/8 | - | - | €22,788 | - | - | - |
| Trade debts44 | €407,639 | €438,044 | €414,233 | €488,317 | €649,741 | ▲ 33.1% |
| Suppliers440/4 | €407,639 | €438,044 | €414,233 | €488,317 | €649,741 | ▲ 33.1% |
| Taxes, remuneration and social security45 | €62,340 | €80,304 | €79,539 | €74,585 | €119,034 | ▲ 59.6% |
| Taxes450/3 | €3,955 | €4,213 | €1,439 | €934 | €167 | ▼ 82.1% |
| Remuneration and social security454/9 | €58,385 | €76,091 | €78,100 | €73,651 | €118,867 | ▲ 61.4% |
| Other amounts payable47/48 | €39,227 | €45,772 | €112,677 | €108,178 | €67,149 | ▼ 37.9% |
| Accrued charges and deferred income492/3 | €276 | €81 | €212 | €212 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,266 | -€28,463 | -€76,549 | -€44,812 | -€97,610 | ▼ 118% |
| + Depreciation and write-downs630 | €31,345 | €39,314 | €50,748 | €44,637 | €41,688 | ▼ 6.6% |
| Operating cash flow (approximation) | -€40,920 | €10,851 | -€25,801 | -€175 | -€55,922 | ▼ 31,772% |
| Investment in fixed assets (approximation) | - | -€30,043 | -€85,723 | -€5,626 | -€48,187 | ▼ 757% |
| Change in cash | - | €33,971 | -€42,287 | -€30,465 | -€18,881 | ▲ 38.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€97,610
Net result drops to -€97,610, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 110 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €50,601
Net result €50,601 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €109,625 ▲85.7%
Equity rises from €59,024 to €109,625.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etalle · 1 establishment unit since 2008
Ground area
3,672 m²
Building footprint
674 m²
Parcel 85009C1647/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ecomarché
since 20082.172.998.453
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85009C1647/00Y000 | Wallonia | 3,672 m² | 1 · 674 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtalle2.172.998.453
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
sprlaxis@scarlet.beEtalle
Phone
0475 72 37 73Etalle
Fax
063/ 60 16 67Etalle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463852119
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.